1-What is the role of accounting in business? who are benefitted from accounting reports and why they are important?

2- Jim want to become an investor immigrant with $300,000 investment, there are three options offered to him to buy:

A-Starbucks caf in Surrey

B-Flower shop in Vancouver

C-A book shop in Richmond

All of these shops are priced similarly, he is also equally interested and capable in operating them, but is confused and needs your help to pick the best and most viable shop.

How can you help Jim to compare these businesses and select the best one? Identify at least two accounting reports which are critical for such evaluation and explain what information are the most important ones in those reports?